CPNAX

Alternatives | Equity Market Neutral

Invesco All Cap Market Neutral Fund

Class A

Class A

  • Class A
  • Class C
  • Class R
  • Class R5
  • Class R6
  • Class Y
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  • Invesco Active Allocation Fund
  • Invesco Advantage International Fund
  • Invesco All Cap Market Neutral Fund
  • Invesco American Franchise Fund
  • Invesco American Value Fund
  • Invesco Asia Pacific Growth Fund
  • Invesco Balanced-Risk Allocation Fund
  • Invesco Balanced-Risk Commodity Strategy Fund
  • Invesco Balanced-Risk Retirement 2020 Fund
  • Invesco Balanced-Risk Retirement 2030 Fund
  • Invesco Balanced-Risk Retirement 2040 Fund
  • Invesco Balanced-Risk Retirement 2050 Fund
  • Invesco Balanced-Risk Retirement Now Fund
  • Invesco Charter Fund
  • Invesco Comstock Fund
  • Invesco Comstock Select Fund
  • Invesco Conservative Income Fund
  • Invesco Convertible Securities Fund
  • Invesco Core Plus Bond Fund
  • Invesco Corporate Bond Fund
  • Invesco Developing Markets Fund
  • Invesco Diversified Dividend Fund
  • Invesco Dividend Income Fund
  • Invesco Emerging Markets Select Equity Fund
  • Invesco Endeavor Fund
  • Invesco Energy Fund
  • Invesco Equally-Weighted S&P 500 Fund
  • Invesco Equity and Income Fund
  • Invesco European Growth Fund
  • Invesco European Small Company Fund
  • Invesco Floating Rate Fund
  • Invesco Global Core Equity Fund
  • Invesco Global Growth Fund
  • Invesco Global Infrastructure Fund
  • Invesco Global Low Volatility Equity Yield Fund
  • Invesco Global Market Neutral Fund
  • Invesco Global Opportunities Fund
  • Invesco Global Real Estate Fund
  • Invesco Global Real Estate Income Fund
  • Invesco Global Responsibility Equity Fund
  • Invesco Global Targeted Returns Fund
  • Invesco Greater China Fund
  • Invesco Growth and Income Fund
  • Invesco Health Care Fund
  • Invesco High Yield Bond Factor Fund
  • Invesco High Yield Fund
  • Invesco High Yield Municipal Fund
  • Invesco Income Allocation Fund
  • Invesco Income Fund
  • Invesco Intermediate Bond Factor Fund
  • Invesco Intermediate Term Municipal Income Fund
  • Invesco International Core Equity Fund
  • Invesco International Growth Fund
  • Invesco International Select Equity Fund
  • Invesco International Small Company Fund
  • Invesco Limited Term Municipal Income Fund
  • Invesco Long/Short Equity Fund
  • Invesco Low Volatility Emerging Markets Fund
  • Invesco Low Volatility Equity Yield Fund
  • Invesco Macro Allocation Strategy Fund
  • Invesco Multi-Asset Income Fund
  • Invesco Municipal Income Fund
  • Invesco Oppenheimer Capital Appreciation Fund
  • Invesco Oppenheimer Developing Markets Fund
  • Invesco Oppenheimer Discovery Fund
  • Invesco Oppenheimer Discovery Mid Cap Growth Fund
  • Invesco Oppenheimer Emerging Markets Innovators Fund
  • Invesco Oppenheimer Emerging Markets Local Debt Fund
  • Invesco Oppenheimer Fundamental Alternatives Fund
  • Invesco Oppenheimer Global Allocation Fund
  • Invesco Oppenheimer Global Focus Fund
  • Invesco Oppenheimer Global Fund
  • Invesco Oppenheimer Global Opportunities Fund
  • Invesco Oppenheimer Global Strategic Income Fund
  • Invesco Oppenheimer Gold & Special Minerals Fund
  • Invesco Oppenheimer International Bond Fund
  • Invesco Oppenheimer International Diversified Fund
  • Invesco Oppenheimer International Equity Fund
  • Invesco Oppenheimer International Growth Fund
  • Invesco Oppenheimer International Small-Mid Company Fund
  • Invesco Oppenheimer Main Street All Cap Fund
  • Invesco Oppenheimer Main Street Fund
  • Invesco Oppenheimer Main Street Mid Cap Fund
  • Invesco Oppenheimer Main Street Small Cap Fund
  • Invesco Oppenheimer Municipal Fund
  • Invesco Oppenheimer Rising Dividends Fund
  • Invesco Oppenheimer Rochester AMT-Free Municipal Fund
  • Invesco Oppenheimer Rochester AMT-Free New York Municipal Fund
  • Invesco Oppenheimer Rochester California Municipal Fund
  • Invesco Oppenheimer Rochester High Yield Municipal Fund
  • Invesco Oppenheimer Rochester Limited Term California Municipal Fund
  • Invesco Oppenheimer Rochester Limited Term New York Municipal Fund
  • Invesco Oppenheimer Rochester New Jersey Municipal Fund
  • Invesco Oppenheimer Rochester New York Municipals Fund
  • Invesco Oppenheimer Rochester Pennsylvania Municipal Fund
  • Invesco Oppenheimer Senior Floating Rate Fund
  • Invesco Oppenheimer Senior Floating Rate Plus Fund
  • Invesco Oppenheimer Short Term Municipal Fund
  • Invesco Oppenheimer SteelPath MLP Alpha Fund
  • Invesco Oppenheimer SteelPath MLP Alpha Plus Fund
  • Invesco Oppenheimer SteelPath MLP Income Fund
  • Invesco Oppenheimer SteelPath MLP Select 40 Fund
  • Invesco Oppenheimer Total Return Bond Fund
  • Invesco Pacific Growth Fund
  • Invesco Peak Retirement 2015 Fund
  • Invesco Peak Retirement 2020 Fund
  • Invesco Peak Retirement 2025 Fund
  • Invesco Peak Retirement 2030 Fund
  • Invesco Peak Retirement 2035 Fund
  • Invesco Peak Retirement 2040 Fund
  • Invesco Peak Retirement 2045 Fund
  • Invesco Peak Retirement 2050 Fund
  • Invesco Peak Retirement 2055 Fund
  • Invesco Peak Retirement 2060 Fund
  • Invesco Peak Retirement 2065 Fund
  • Invesco Peak Retirement Now Fund
  • Invesco Quality Income Fund
  • Invesco Real Estate Fund
  • Invesco S&P 500 Index Fund
  • Invesco Select Companies Fund
  • Invesco Select Opportunities Fund
  • Invesco Select Risk: Conservative Investor Fund
  • Invesco Select Risk: Growth Investor Fund
  • Invesco Select Risk: High Growth Investor Fund
  • Invesco Select Risk: Moderate Investor Fund
  • Invesco Select Risk: Moderately Conservative Investor Fund
  • Invesco Senior Loan Fund
  • Invesco Short Duration High Yield Municipal Fund
  • Invesco Short Duration Inflation Protected Fund
  • Invesco Short Term Bond Fund
  • Invesco Small Cap Equity Fund
  • Invesco Small Cap Growth Fund
  • Invesco Small Cap Value Fund
  • Invesco Summit Fund
  • Invesco Technology Fund
  • Invesco U.S. Managed Volatility Fund
  • Invesco Value Opportunities Fund
  • Invesco World Bond Factor Fund

Objective & Strategy

The fund seeks to provide a positive return over a full market cycle from a broadly diversified portfolio of stocks while seeking to limit exposure to the general risks associated with stock market investing.

Management team

as of 04/30/2020

Top Equity Holdings | View all

  % of Total net assets
Hilltop Holdings 1.54%
PennyMac Financial Services 1.47%
First Solar -1.39%
World Wrestling Entertainment -1.34%
Triumph Bancorp -1.30%
Cree -1.28%
Innovative Industrial Properties 1.24%
Bank of NT Butterfield & Sons -1.23%
Nutanix -1.21%
Popular 1.18%

Holdings are subject to change and are not buy/sell recommendations.

as of 04/30/2020 03/31/2020

Average Annual Returns (%)

  Incept.
Date
Max
Load (%)
Since
Incept. (%)
YTD (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
NAV 12/17/2013 N/A -0.94 -5.56 -4.47 -5.92 -1.60 N/A
Load 12/17/2013 5.50 -1.81 -10.77 -9.67 -7.67 -2.70 N/A
NAV 12/17/2013 N/A -0.32 -1.71 -3.36 -5.19 -1.42 N/A
Load 12/17/2013 5.50 -1.21 -7.13 -8.73 -6.95 -2.52 N/A
Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.

Performance shown at NAV does not include applicable front-end or CDSC sales charges, which would have reduced the performance.

Performance figures reflect reinvested distributions and changes in net asset value (NAV) and the effect of the maximum sales charge unless otherwise stated.

Had fees not been waived and/or expenses reimbursed currently or in the past, returns would have been lower.

as of 04/30/2020 03/31/2020

Annualized Benchmark Returns


Index Name 1 Mo (%) 3 Mo (%) 1Y (%) 3Y (%) 5Y (%) 10Y (%)
FTSE US 3-Month Treasury Bill Index 0.08 0.33 1.92 1.75 1.14 0.60
FTSE US 3-Month Treasury Bill Index 0.08 0.33 1.92 1.75 1.14 0.60
FTSE US 3-Month Treasury Bill Index 0.13 0.39 2.04 1.74 1.12 0.60
FTSE US 3-Month Treasury Bill Index 0.13 0.39 2.04 1.74 1.12 0.60

Source: RIMES Technologies Corp.

Source: RIMES Technologies Corp.

An investment cannot be made directly in an index.

Expense Ratio per Prospectus

Management Fee 0.85
12b-1 Fee 0.25
Other Expenses 0.44
Interest/Dividend Exp 0.00
Total Other Expenses 0.44
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) 0.02
Total Annual Fund Operating Expenses 1.56
Contractual Waivers/Reimbursements -0.05
Net Expenses - PER PROSPECTUS 1.51
Additional Waivers/Reimbursements 0.00
Net Expenses - With Additional Fee Reduction 1.51
This information is updated per the most recent prospectus.

Historical Prices

 
No history records found for this date range
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Distributions

From   to
    Capital Gains Reinvestment
Price ($)
Ex-Date Income Short Term Long Term
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as of 04/30/2020

Fund Characteristics

3-Year Alpha -7.33%
3-Year Beta 1.01
3-Year R-Squared 0.00
3-Year Sharpe Ratio -1.09
3-Year Standard Deviation 6.98
Number of Securities 290
Total Assets $52,611,436.00
Wghtd Med Mkt Cap MM$ $1,451.00

Source: RIMES Technologies Corp.,StyleADVISOR

Benchmark:  FTSE US 3-Month Treasury Bill Index

as of 04/30/2020

Top Equity Holdings | View all

  % of Total net assets
Hilltop Holdings 1.54%
PennyMac Financial Services 1.47%
First Solar -1.39%
World Wrestling Entertainment -1.34%
Triumph Bancorp -1.30%
Cree -1.28%
Innovative Industrial Properties 1.24%
Bank of NT Butterfield & Sons -1.23%
Nutanix -1.21%
Popular 1.18%

Holdings are subject to change and are not buy/sell recommendations.

as of 04/30/2020

Portfolio Composition

  % of Total net assets
Percentage of net asset (long) 90.00
Percentage of net asset (short) 90.00
Gross exposure (long + short) 180.00
Net exposure (long - short) 0.00

Gross Exposure represents the absolute exposure of the fund to long and short holdings combined.
Net Exposure represents the difference between long and short holdings exposure for the fund.

as of 04/30/2020

Top 5 Long Positions

  % of Total net assets
Hilltop Holdings 1.54%
PennyMac Financial Services 1.47%
Innovative Industrial Properties 1.24%
Popular 1.18%
Rent-A-Center 1.17%

Holdings are subject to change and are not buy/sell recommendations

as of 04/30/2020

Top 5 Short Positions

  % of Total net assets
First Solar -1.39%
World Wrestling Entertainment -1.34%
Triumph Bancorp -1.30%
Cree -1.28%
Bank of NT Butterfield & Sons -1.23%

Holdings are subject to change and are not buy/sell recommendations

as of 04/30/2020

Equity Sector Breakdown

  % of Total net assets
Sector Long weight (%) Short weight (%)
Communications Services 5.32 -5.08
Consumer Discretionary 11.37 -10.97
Consumer Staples 2.74 -2.20
Energy 4.38 -4.63
Financials 13.95 -14.08
Health Care 21.52 -21.17
Industrials 9.76 -10.43
Information Technology 17.48 -17.59
Materials 3.69 -4.41
Real Estate 5.40 -6.04
Utilities 1.08 -0.63

About risk

Active Trading Risk. Active trading of portfolio securities may result in added expenses, a lower return and increased tax liability.

Derivatives Risk .The value of a derivative instrument depends largely on (and is derived from) the value of an underlying security, currency,commodity, interest rate, index or other asset (each referred to as an underlying asset). In addition to risks relating to the underlying assets, the use of derivatives may include other, possibly greater, risks, including counterparty, leverage and liquidity risks. Counterparty risk is the risk that the counterparty to the derivative contract will default on its obligation to pay the Fund the amount owed or otherwise perform under the derivative contract. Derivatives create leverage risk because they do not require payment up front equal to the economic exposure created by owning the derivative. As a result, an adverse change in the value of the underlying asset could result in the Fund sustaining a loss that is substantially greater than the amount invested in the derivative, which may make the Fund’s returns more volatile and increase the risk of loss. Derivative instruments may also be less liquid than more traditional investments and the Fund maybe unable to sell or close out its derivative positions at a desirable time or price. This risk may be more acute under adverse market conditions, during which the Fund may be most in need of liquidating its derivative positions. Derivatives may also be harder to value, less tax efficient and subject to changing government regulation that could impact the Fund’s ability to use certain derivatives or their cost. The SEC has proposed new regulations related to the use of derivatives and related instruments by registered investment companies. If adopted as proposed, these regulations would limit the Fund’s ability to engage in derivatives transactions and may result in increased costs or require the Fund to modify its investment strategies or to liquidate. Also, derivatives used for hedging or to gain or limit exposure to a particular market segment may not provide the expected benefits, particularly during adverse market conditions. These risks are greater for the Fund than most other mutual funds because the Fund will implement its investment strategy primarily through derivative instruments rather than direct investments in stocks/bonds

Management Risk. The Fund is actively managed and depends heavily on the Adviser’s judgment about markets, interest rates or the attractiveness, relative values, liquidity, or potential appreciation of particular investments made for the Fund’s portfolio. The Fund could experience losses if these judgments prove to be incorrect. Additionally, legislative, regulatory, or tax developments may adversely affect management of the Fund and, therefore, the ability of the Fund to achieve its investment objective. In particular, there is no guarantee that the portfolio manager’s stock selection process will produce a market neutral portfolio that reduces or eliminates the Fund’s exposure to general U.S. stock market risk, sector or industry-specific risk or market capitalization risk. In addition, the Fund’s market neutral investment strategy will likely cause the Fund to underperform the broader U.S. equity market during market rallies. Such underperformance could be significant during sudden or significant market rallies.

Market Risk. The market values of the Fund’s investments, and therefore the value of the Fund’s shares, will go up and down, sometimes rapidly or unpredictably. Market risk may affect a single issuer, industry or section of the economy, or it may affect the market as a whole. Individual stock prices tend to go up and down more dramatically than those of certain other types of investments, such as bonds. During a general downturn in the financial markets, multiple asset classes may decline in value. When markets perform well, there can be no assurance that specific investments held by the Fund will rise in value.

Sector Focus Risk. The Fund may from time to time invest a significant amount of its assets (i.e. over 25%) in one market sector or group of related industries. In this event, the Fund’s performance will depend to a greater extent on the overall condition of the sector or group of industries and there is increased risk that the Fund will lose significant value if conditions adversely affect that sector or group of industries.

Short Position Risk. Because the Fund’s potential loss on a short position arises from increases in the value of the asset sold short, the Fund will incur a loss on a short position, which is theoretically unlimited, if the price of the asset sold short increases from the short sale price. The counterparty to a short position or other market factors may prevent the Fund from closing out a short position at a desirable time or price and may reduce or eliminate any gain or result in a loss. In a rising market, the Fund’s short positions will cause the Fund to underperform the overall market and its peers that do not engage in shorting. If the Fund holds both long and short positions, and both positions decline simultaneously, the short positions will not provide any buffer (hedge) from declines in value of the Fund’s long positions. Certain types of short positions involve leverage,which may exaggerate any losses, potentially more than the actual cost of the investment, and will increase the volatility of the Fund’s returns.

Small- and Mid-Capitalization Companies Risks. Small- and mid-capitalization companies tend to be more vulnerable to changing market conditions, may have little or no operating history or track record of success, and may have more limited product lines and markets, less experienced management and fewer financial resources than larger companies. These companies’ securities may be more volatile and less liquid than those of more established companies, and their returns may vary, sometimes significantly, from the overall securities market.